IMPROVING PRODUCT INCEPTION
As the first step in the Product
Lifecycle, the Product Inception phase is highly strategic and provides considerable leverage in determining the eventual
success of the products that result. Topics include:
·
Managing the “Fuzzy Front End”
·
Methodologies for capturing and screening new ideas
·
Portfolio Management
·
Product/Service Definition
·
Developing Product Specifications
·
The importance of market segmentation
·
Methods for segmenting the market
·
Tools for understanding the customer
·
Identifying the real customer need
·
Creating a specification that properly guides the development process
·
Using (and avoiding misusing) the specification during development
·
Designing the Whole Product
REDUCING TIME
TO MARKET
There is increasing pressure to bring product
to market faster, driven by a combination of customer expectations, competition and faster lifecycles of external components
and complementary products. This course addresses techniques that can be employed
to reduce the cycle time in getting a product market. Topics include:
· Practical
approaches for short-cutting the predevelopment process (“fuzzy front end”)
·
Developing economic decision rules that guide tradeoffs
·
The importance of process queues in cycle time
·
Why additional resources can improve economics
·
The role of architecture in reducing time to market
·
Effectively using incremental innovation as a tool for reducing time and risk
·
Properly sequencing activities
·
The pitfalls of the staged gate process and how top overcome them
·
Managing risk and uncertainty
ORCHESTRATING THE PRODUCT
LAUNCH
The product launch is the “coming out
party” for the new product and, like any major event, careful planning and execution is required for success. This course addresses the various internal and external aspects of the product launch, including:
·
Planning the launch
·
Elements of the launch
·
The internal and external launch
· Organizational preparedness
· Mobilizing the key participants
·
The Product Introduction Plan,
including a checklist of launch activities